Read this article and see if the EU seems a little less than….friendly when they arent allowed access to a nations funds.
Europe tells Britain not to ask for help in a crisis
Officials from both euro and non-euro countries said Britain should not ask for help if it runs into trouble because it had not signed up to a £378 billion support fund.
French, Swedish and many Brussels officials have predicted that it is only a matter of time before Sterling is hit by the same market turbulence that came close to destroying the euro at the weekend.
Shades of the piranha Brothers there, “Nice currency you’ve got there Guv, pity if my hammer should accidentally slip and smash it eh”?
Jean-Pierre Jouyet, a former French Europe minister and the current chairman of France’s financial services authority, yesterday predicted only “God would help” a rudderless Britain after it snubbed its euro zone neighbours.
“There is not a two speed Europe but a three speed Europe. You have Europe of the euro, Europe of the countries that understand the euro … and you have the English,” he said.
Yes damn those English for not spending their money to bail out our currency!!
“The English are very certainly going to be targeted given the political difficulties they have. Help yourself and heaven will help you. If you don’t want to show solidarity to the euro zone, then let’s see what happens to the United Kingdom.”
So Mr frog would like the shaky coalition leading England’s first financial move to be a massive bailout of the EU’s currency? Would he like their first born children as well droit de signer over their wives perhaps?
But despite supporting a rapid response EU financial “mechanism” to the tune of £13 billion, Britain declined to offer another £50 billion of loan guarantees in order to help “European partners” that get into trouble.
13 Billion pounds pissed up the wall already, plus England running a deficit of 1/2 a billion pounds a day, Im sure they are falling over themselves to save the Euro….
Germany’s cabinet yesterday opened a political battle after it approved a new £106 billion German contribution to the EU bail-out, a sum which is over five times larger than last week’s deeply unpopular payout of £19 billion to Greece.
Any one want to guess how many seats this will cost Merkel?
The controversy over Greece cost Angela Merkel, the German Chancellor, her government majority in regional elections on Sunday and the latest EU cash demand has threatened to tear her government apart.
“We want the details,” said Otto Fricke, a budget spokesman for Mrs Merkel’s coalition in the parliament. “Where will the money for the EU’s first instalment come from, if and when it comes? There are many ifs and buts.”
So the money is to be just given to Brussels for them to use? FFS this will see the disintegration or impoverishment of the EU if it allows it to go ahead.
The German press has reacted with fury after Mrs Merkel cancelled popular tax cuts in order to pay for the new EU bail-out burden on German taxpayers.
“Europe’s jerks once again!,” declared the headline on yesterday’s front page of Bild, Germany’s biggest-selling newspaper.
If I was Poland Id be nervous about now, grumpy Germans have never been a good omen for them in the past.
Heres Businessweeks take on the crisis.
“Europe’s jerks once again!” ran the headline today on the front page of Bild, Germany’s biggest-selling newspaper. “750 billion for bankrupt neighbors, but tax cuts canned,” it said. “It’s beyond belief!”